My daughter who has been laid off effective April 3rd received this from her employer:
Sarah,
A monthly cost of your BCBS insurance package is $479.67:
- MoniCare monthly contribution was: $335.77(70%)
- Employee monthly contribution was: $143.90 (30%)
When an employment relationship ends, employer must offer COBRA.
Company name has been removed is offering COBRA to Sarah Nelson.
COBRA is a possibility for an employee to retain the same health insurance package so there is no interruption in coverage, but starting the employment end date, an employee is responsible for 100% of the insurance cost. Employee can keep the health insurance plan via COBRA as long as needed.
To help its employees, xxxx offered to cover 70% ($335.77) of April 2020, whereas the employee would cover $143.90 (30%). Please, know that xxxx is doing it to help its employees, as technically the company does not have to cover employee's health insurance after the employment end date. xxxx offered the financial assistance for the month of April 2020, meaning that starting May 1st, 2020 employees would need to cover 100% ($479.67) of it if they chose this health coverage option.
Your overall health insurance coverage options are as follows:
1) Applying for governmental health insurance coverage (I do not these processing time frames)
2) Buying an individual health insurance plan yourself (the process generally takes 3-14 days)
3) COBRA (again, there is no interruption in your health insurance coverage since you keep the same package that you had through MoniCare; the cost of it has been covered above).
Please, research all of your options and let me know. In terms of Blue Cross Blue Shield timelines, I would need to know your answer by 3-27-20.
Does anyone know who pays the Cobra and to who? Does the ex-employer and my daugter then pays her?
My daughter needs insurance, seems like she should take the $479 deal, but I am not sure. She has meds that cost $5 per month with insurance and $1000 per month without!
Your thoughts and opinions are appreciated.
Thank you.
Sarah,
A monthly cost of your BCBS insurance package is $479.67:
- MoniCare monthly contribution was: $335.77(70%)
- Employee monthly contribution was: $143.90 (30%)
When an employment relationship ends, employer must offer COBRA.
Company name has been removed is offering COBRA to Sarah Nelson.
COBRA is a possibility for an employee to retain the same health insurance package so there is no interruption in coverage, but starting the employment end date, an employee is responsible for 100% of the insurance cost. Employee can keep the health insurance plan via COBRA as long as needed.
To help its employees, xxxx offered to cover 70% ($335.77) of April 2020, whereas the employee would cover $143.90 (30%). Please, know that xxxx is doing it to help its employees, as technically the company does not have to cover employee's health insurance after the employment end date. xxxx offered the financial assistance for the month of April 2020, meaning that starting May 1st, 2020 employees would need to cover 100% ($479.67) of it if they chose this health coverage option.
Your overall health insurance coverage options are as follows:
1) Applying for governmental health insurance coverage (I do not these processing time frames)
2) Buying an individual health insurance plan yourself (the process generally takes 3-14 days)
3) COBRA (again, there is no interruption in your health insurance coverage since you keep the same package that you had through MoniCare; the cost of it has been covered above).
Please, research all of your options and let me know. In terms of Blue Cross Blue Shield timelines, I would need to know your answer by 3-27-20.
Does anyone know who pays the Cobra and to who? Does the ex-employer and my daugter then pays her?
My daughter needs insurance, seems like she should take the $479 deal, but I am not sure. She has meds that cost $5 per month with insurance and $1000 per month without!
Your thoughts and opinions are appreciated.
Thank you.
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